Meanwhile midfielder Coquelin could be on the verge of a move to French champions Paris St-Germain.
Starsport have learned Laurent Blanc is a keen admirer of the France Under-21s ace and is monitoring his progress in North London.
Coquelin, 24, only recently put pen to paper on a contract extension, but may find a return to his native France a tempting offer.
Arsenal could make a sensational late swoop for AC Milan-bound striker Jackson Martinez.
According to the Colombian's agent, Luiz Henrique Pompeo, no official deal has been struck and the Gunners could be successful if they act quickly.
He said: "Jackson didn’t say anything about Milan because there was no need to. Nothing has been decided yet."
Arsenal winger Mesut Ozil is planning some transfers of his own after praising German duo Mats Hummels and Benedikt Howedes.
Arsenal have been linked with the duo in recent weeks and their German contingent may give them the upper-hand in negotiations.
He told German publication Bild: "Mats Hummels and Benedikt Howedes could succeed at really big clubs over here.
"I'm sure, if they want to change. However, it is up to each player to decide this.